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"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...
Persistent link: https://www.econbiz.de/10009468335
of the commons.' This dissertation combines the tools of game theory and experimental methods to gain a broader …
Persistent link: https://www.econbiz.de/10009468337
"In this study, individual level behavior is investigated in the context of computer assisted voluntary contribution mechanism public good (VCM) provision experiments and common pool resource (CPR) appropriation experiments. Previous studies of these environments have concentrated on aggregate...
Persistent link: https://www.econbiz.de/10009468340
"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...
Persistent link: https://www.econbiz.de/10009468404
"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide … range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power …, information aggregation or when confronting large-scale social dilemmas. However, as Ostrom (1998) reminds us, game theory also …
Persistent link: https://www.econbiz.de/10009468443
Game theory is central to understanding human behavior and relevant to all of the behavioral sciences—from biology and … economics, to anthropology and political science. However, as The Bounds of Reason demonstrates, game theory alone cannot fully … Gintis shows that just as game theory without broader social theory is merely technical bravado, so social theory without …
Persistent link: https://www.econbiz.de/10011097649
Game theory is central to understanding human behavior and relevant to all of the behavioral sciences—from biology and … economics, to anthropology and political science. However, as The Bounds of Reason demonstrates, game theory alone cannot fully … Gintis shows that just as game theory without broader social theory is merely technical bravado, so social theory without …
Persistent link: https://www.econbiz.de/10011097660
of valuing acquisitions. Too often, managers rely on flawed valuation models or their intuition and experience when … managers with a powerful methodology for designing and executing successful acquisition strategies. The book tackles the myriad … latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express …
Persistent link: https://www.econbiz.de/10011082752
economics can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses …-Huerta illuminates economics through the world’s most popular sport. He offers unique and often startling insights into game theory and … enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics. …
Persistent link: https://www.econbiz.de/10011082755
can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses …-Huerta illuminates economics through the world’s most popular sport. He offers unique and often startling insights into game theory and … enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics. …
Persistent link: https://www.econbiz.de/10011082771